Tronox’s (TROX) Hold Rating Reiterated at Truist Financial

Truist Financial reissued their hold rating on shares of Tronox (NYSE:TROX) in a research report released on Thursday morning, Marketbeat Ratings reports. Truist Financial currently has a $9.00 target price on the stock, up from their prior target price of $8.00.

A number of other research firms have also weighed in on TROX. Zacks Research raised shares of Tronox from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. UBS Group raised their price objective on shares of Tronox from $5.25 to $7.50 and gave the company a “neutral” rating in a research note on Thursday, February 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Tronox in a research note on Tuesday, January 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Tronox in a research note on Wednesday, January 21st. Finally, Mizuho raised their price target on shares of Tronox from $4.50 to $5.00 and gave the company an “underperform” rating in a research report on Monday, March 23rd. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Tronox has an average rating of “Hold” and an average target price of $6.65.

Tronox Stock Up 2.3%

Tronox stock opened at $9.11 on Thursday. Tronox has a 1-year low of $2.86 and a 1-year high of $9.94. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -3.07 and a beta of 0.93. The firm’s fifty day moving average price is $7.78 and its two-hundred day moving average price is $5.50. The company has a current ratio of 2.46, a quick ratio of 0.67 and a debt-to-equity ratio of 2.16.

Tronox (NYSE:TROX) last released its quarterly earnings data on Wednesday, February 18th. The company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.17). Tronox had a negative net margin of 16.22% and a negative return on equity of 14.75%. The business had revenue of $730.00 million during the quarter, compared to the consensus estimate of $730.22 million. During the same period last year, the business posted $0.03 earnings per share. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. On average, equities research analysts predict that Tronox will post 0.49 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Monday, February 23rd were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, February 23rd. Tronox’s dividend payout ratio (DPR) is -6.73%.

Insider Buying and Selling at Tronox

In related news, SVP Jeffrey A. Engle sold 14,575 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $6.60, for a total transaction of $96,195.00. Following the completion of the sale, the senior vice president owned 175,251 shares in the company, valued at approximately $1,156,656.60. This trade represents a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jean Francois Turgeon sold 18,563 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $6.60, for a total transaction of $122,515.80. Following the sale, the director owned 754,009 shares of the company’s stock, valued at $4,976,459.40. This trade represents a 2.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 172,711 shares of company stock valued at $1,145,137 in the last three months. 2.00% of the stock is owned by corporate insiders.

Institutional Trading of Tronox

A number of large investors have recently added to or reduced their stakes in TROX. Van ECK Associates Corp increased its holdings in Tronox by 203.0% during the third quarter. Van ECK Associates Corp now owns 6,534,894 shares of the company’s stock worth $26,270,000 after buying an additional 4,378,023 shares during the last quarter. Shah Capital Management increased its stake in shares of Tronox by 650.0% in the fourth quarter. Shah Capital Management now owns 3,000,000 shares of the company’s stock worth $12,510,000 after purchasing an additional 2,600,000 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. increased its stake in shares of Tronox by 123.0% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 4,347,134 shares of the company’s stock worth $18,128,000 after purchasing an additional 2,398,038 shares in the last quarter. CenterBook Partners LP purchased a new position in shares of Tronox in the third quarter worth about $6,552,000. Finally, Bank of America Corp DE increased its stake in shares of Tronox by 199.3% in the third quarter. Bank of America Corp DE now owns 2,059,052 shares of the company’s stock worth $8,277,000 after purchasing an additional 1,371,158 shares in the last quarter. Hedge funds and other institutional investors own 73.36% of the company’s stock.

About Tronox

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.